Some corporations reportedly have billions of dollars of secret life insurance policies on employees, some of the policies are for former employees. Sources confirm that additional incentives for these insurance policy investment schemes are tax deductions. Corporate owned life insurance (COLI), (those that are secret life insurance policies) should be deemed illegal by U.S. federal, and state laws to protect unsuspecting workers and citizens from predatory employers, and insurance companies. Illegal life insurance policies should not be payable to employers that secretly conspire to profit from the deaths of employees and others.
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